Woodside takes charge of Bass Strait; Ramelius, Viva in focus; Trump flags 15-20pc baseline tariffs
Australia faces trade pain as US President Donald Trump flags 15-20 per cent baseline tariffs for no-deal nations. Woodside in driver's seat at Bass Strait after 50 years. Viva's weak first-half weighs. Greatland's worst one-day drop since June IPO.
That's all from the Trading Day blog for Tuesday, July 29. The ASX 200 index closed up 0.1 per cent at an intraday high of 8704.6 points after hitting a two-week low of 8643.5 in early trading. US, EU futures rise.
In the US, the tech-heavy Nasdaq Composite index rose 0.3 per cent to its 14th record high this month. The S&P 500 also hit its sixth consecutive record, rising less than 0.1 per cent, while the Dow Jones Industrial Average ended 0.1 per cent lower.
Cryptocurrency giant bitcoin is around $US118,600.
The Aussie dollar is trading around US65.21c.
Originally published as Woodside takes charge of Bass Strait; Ramelius, Viva in focus; Trump flags 15-20pc baseline tariffs
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